Freeport-McMoran 401(k) match, vesting and fees
What Freeport-McMoran's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Schwab Retirement Plan Services,inc | Schedule C ↗ |
| Independent auditor | Cliftonlarsonallen LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 12 defined-contribution plans in mining, quarrying, and oil and gas extraction with 10,000 to 49,999 participants.
| Freeport-McMoran: employer contribution per participant | $7,100 | |
| Peer median | $5,269 |
| Freeport-McMoran: average balance | $142,676 | |
| Peer median | $130,671 |
| Freeport-McMoran: admin expenses ÷ assets | 0.01% | |
| Peer median | 0.06% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $2.2B at the end of plan year 2021 to $2.7B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 18,895 | $2.7B | $133M | $7,100 | 0.01% | Not published | Form 5500 ↗ |
| 2023 | 17,936 | $2.3B | $120M | $6,757 | 0.01% | Not published | Form 5500 ↗ |
| 2022 | 17,146 | $1.9B | $104M | $6,137 | 0.01% | Not published | Form 5500 ↗ |
| 2021 | 16,317 | $2.2B | $99.3M | $6,158 | 0.01% | Not published | Form 5500 ↗ |
Common questions
Does Freeport-McMoran match 401(k) contributions?
The match terms for the Freeport-Mcmoran Inc. Employee Capital Accumulation Program have not been published from its filing yet. The plan year 2024 filing reports $133M in employer contributions, about $7,100 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Freeport-McMoran 401(k) match vested?
The vesting schedule for the Freeport-Mcmoran Inc. Employee Capital Accumulation Program is not in the data published so far. Your Summary Plan Description states it.
Who manages the Freeport-McMoran 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Schwab Retirement Plan Services,inc. The plan administrator is Freeport-Mcmoran Inc..
I left Freeport-McMoran. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Freeport-Mcmoran Inc., (602) 366-8100) or the recordkeeper, Schwab Retirement Plan Services,inc. The Freeport-McMoran old 401(k) page lists the contacts from every plan filing. Find an old Freeport-McMoran 401(k)
Data from the public Form 5500 annual reports Freeport-McMoran filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Freeport-McMoran. Not financial advice. Report a correction · Methodology